When you are accumulating your retirement money, when you need to know the best way to take your benefits and how to take them, Eastmills are experts at advising you along this path.

We give advice on Personal Pensions, Flexible Retirement Plans, Group Personal Pensions, Third Way Plans, Drawdown and Annuities.

Everyone from the age of 0 to 75 can pay £2880 into a pension plan in every tax year, which instantly with tax relief becomes worth £3600. When someone is earning, they can pay in a maximum of £60000 or their entire salary whichever is lower. (assuming no annual allowance reduction has been applied) The lifetime allowance as it was has now been replaced with the lump sum allowance of your pension which from 2024/2025 tax year is £268275.00 and the lump sum and death benefit allowance which is £1,073,100. We can advise on these alterations and previous lifetime allowance protections, if your fund is close to £1 million or even £1.25 million and above.

Eastmills Ltd also give advice on more specialist retirement vechicles such as Self Invested Personal Pension's, Small Self Administered Scheme's and Trust based/Contract In Money Purchase Pension Schemes where appropriate.

If you'd like to see how much the state is going to provide please click on the link below to check your state pension entitlement
https://www.gov.uk/check-state-pension

uk/check-state-pensioAlso if you'd like to locate missing pensions the government offers a free service to help (please be aware of paid for ads) the link is below and any help you need please feel free to ask
https://www.gov.uk/find-pension-contact-details